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Category: DOL
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Form 5500 Filing Requirements: Deadlines, Penalties, and Compliance Options | PA Employee Benefits Consultants
If your company provides an employee benefit plan governed by the Employee Retirement Income Security Act (ERISA), you are likely obligated to file Form 5500. This annual report discloses key details about your organization’s benefit offerings, such as welfare benefit plans (including medical, dental, life, and disability coverage), retirement plans, fully insured plans, and self-funded…
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Requirements Related to Surprise Billing; Part I Interim Final Rule with Comment Period | Pennsylvania Benefits Agency
On July 1, 2021, the Department of Health and Human Services (HHS), the Department of Labor, and the Department of the Treasury (collectively, the Departments), along with the Office of Personnel Management (OPM) released an interim final rule with comment period (IFC), entitled “Requirements Related to Surprise Billing; Part I.” This rule related to Title…
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New Federal Contract Compliance Directives | Duncansville Benefits Firm
On August 24, 2018, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) announced the following three directives: Guidance for Contractor Compensation Practices: Directive 2018-05 clarifies the OFCCP’s approach to conducting compensation evaluations, supports compliance and compensation self-analyses by contractors, and improves compensation analysis consistency and efficiency during compliance evaluations. Contractor Recognition…
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10 Stories That Caught Our Eye in June 2018 | Pennsylvania Employee Benefit Advisors
Are you having a hard time keeping up with the steady flow of news and information that affects your workplace? Let ThinkHR help! We’ve curated some of the stories from business, news, human resources, benefits, and risk management publications that caught our eye this June. Just Don’t Ask Job candidates are covered by the Civil…
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Federal Employment Law Update April 2018 | Pennsylvania Benefit Advisors
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in Affordable Care Act, benefits, budget, Department of Labor, DOL, Employees, Employers, ERISA, fefderal law, fiduciary rule, Financial Debt, Financial Planning, Financial Wellness, HDHP, health, Health Care, Health Insurance, Insurance, IRS, Latest News, Pennsylvania, Philadelphia, Reporting, Social Media, tax law, taxes, WHD, workersDOL Releases Assistance for Enforcement of Tip Credit Rules under FLSA On April 6, 2018, the U.S. Department of Labor released a field assistance bulletin (FAB No. 2018-3) providing guidance concerning the Wage and Hour Division’s (WHD) enforcement of tip credit rules under the Fair Labor Standards Act (FLSA) after Congress amended the FLSA in…
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A DOL Audit Can Happen to You | Duncansville Benefit Consultants
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in 401k, DOL, DOL audit, ERISA, health, Latest News, Pennsylvania, Philadelphia, SPDs, ThinkHR, welfareSummary plan descriptions (SPDs) are required for all retirement, health, and welfare plans subject to the Employee Retirement Income Security Act of 1974 (ERISA). However, misconceptions about this requirement are widespread. ERISA attorney Stacy H. Barrow, partner with Marathas Barrow Weatherhead Lent LLP, had a chat with ThinkHR about the importance of having proper ERISA…
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New Guidance on Tipped Wages | Pennsylvania Benefit Advisors
The 2,232-page budget spending bill that was signed by President Trump on March 23, 2018, included an amendment to the Fair Labor Standards Act (FLSA) prohibiting employers, managers, or supervisors from collecting or retaining tips made by employees, regardless of whether the employer takes a tip credit. This law essentially blocked the U.S. Department of…
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6 Ways to Keep the Flu from Sidelining Your Workplace | PA Benefit Brokers
This year’s flu season is a rough one. Although the predominant strains of this year’s influenza viruses were represented in the vaccine, they mutated, which decreased the effectiveness of the immunization. The flu then spread widely and quickly, and in addition, the symptoms were severe and deadly. The U.S. Centers for Disease Control and Prevention…
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Federal Employment Law Update – January 2018 | PA Benefit Advisors
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WHD Revises Test for Unpaid Internships On January 5, 2018, the U.S. Department of Labor’s Wage and Hour Division (WHD) released a Field Assistance Bulletin (FAB No. 2018-2) establishing that the primary beneficiary test, rather than the six-point test, will determine whether interns at for-profit employers are employees under the federal Fair Labor Standards Act…
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So Who Is a Paid Intern Now? | Pennsylvania Benefit Consultants
On January 5, 2018, the U.S. Department of Labor’s Wage and Hour Division (WHD) created new guidance for determining whether a worker could be classified as an unpaid intern under the federal Fair Labor Standards Act (FLSA). The FLSA requires “for-profit” employers to pay employees for their work. Interns, however, may not be classified as…
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